Homes can become bank-owned properties if the homeowner defaults on their mortgage and the bank forecloses. Bank-owned properties may also be referred to as real estate owned, or REO for short.

South Florida’s distressed condo market appears to be in the final stages of the clean-up process from the real estate crash of 2007. Fewer than 500 bank-owned condo units — also known as Real Estate ...

One good thing that came out of the housing recession is today’s opportunity for consumers to more easily purchase bank-owned homes or real estate owned (REO) properties. However, many traditionally ...

As in many other industries, the power of technology has completely reshaped the way that real estate is bought and sold in recent years. So, it’s no surprise that technology has become a game changer ...

Home prices are still rising — they’re currently averaging just below all-time highs set in 2006, according to the Case-Shiller Home Price Indices. Combine that with slim housing inventory in many ...

Foreclosure-related home sales retreated to a 21 percent share of all homes sales in the country during the first quarter of 2013. RealtyTrac reported that a total of 190,121 houses that were ...

WASHINGTON — Are lowballed valuation estimates on short sales and bank-owned foreclosures artificially depressing property values in neighborhoods across the country? Growing numbers of appraisers and ...

A real estate-owned (REO) foreclosure offers investors or potential homeowners the opportunity to secure a property under market value. REO properties have proven that they warrant the attention of ...

Want a bargain-priced property? Use these resources to look for bank-owned homes. Bank-owned properties can offer quite the deal. In most cases, these are homes that were passed up during a ...